The Globe and Mail reports in its Saturday, Jan. 7, edition that BTIG analyst Jonathan DeCourcey says until the "legislative narrative" around the legalization of cannabis in the United States resumes later this year, he expects the stocks of second- and third-tier sized operators to outperform in the near term, seeing them "positioned for share gains along with outperforming profitability." The Globe's David Leeder writes in the Eye On Equities column that Mr. DeCourcey says in a note: "Historically, this group has cheaper valuations than larger MSO peers despite in many cases having equal or better fundamentals due to a more limited investability. Beyond operations, we believe these companies can also be viewed as potential M&A plays during the next round of consolidation in the industry which we continue to think will come this year." Mr. DeCourcey says Glass House Brands may be set for outperformance. Mr. DeCourcey continues to rate Glass House Brands "buy," with a $6 (U.S.) unit target.